According to CoinMeta, an analyst from TD Securities named Prashant Newnaha stated that the latest CPI data released by Australia has prompted the institution to adjust its interest rate forecasts, with expectations that the Reserve Bank of Australia (RBA) will raise interest rates next week. The strong inflation data for the third quarter confirms the RBA's decision to tighten monetary policy last month. In addition, inflation forecasts may be raised, further supporting the possibility of another interest rate hike by the RBA in November. If the RBA raises the cash rate to 4.85% next week, it could indicate that this round of interest rate hikes will come to an end.